Kraken Blends with Silvergate Exchange Platform to Sanction Easier Funds Transfer


Kraken, a giant cryptocurrency exchange platform, made clear announcements just recently that it has united with Silvergate Exchange Network. The governing body decided the move and decision for Kraken. The motive of the joining hands was to give the customers more options as they trade their assets. Customers will now be able to have a wide range of options when deciding what to do with their assets on the platform. That improves convenience and will attract even more customers to this US-based exchange platform.

SEN was founded by Silvergate Bank, which is California state-chartered. It will enable all the time withdrawals and deposits of US dollars that are instant. Kraken's official release added that Kraken customers were now able to leverage SEN, and as a result, they could fund their accounts without any issues or problems.

Ease of working and a wide range of options have been enabled thanks to the excellent partnership between Kraken and Silvergate. Customers can now enjoy faster services and a variety of options on what they could do with their assets on the platform. That means even deposits and withdrawals will be swift and available all the time.

Earlier in November, Silverstone listed its Initial Public Offer on the stock exchange for New York. The Bank raised about $40 million after offering 3,333,333 shares. The class A shares are usually priced at $12 for each share according to a press announcement by the Bank.

Silvergate has been seen to try and incorporate the crypto environment into its platform. In recent years the firm has been joining hands with crypto-related companies to assist them in their endeavors. It has an over 15% increase in cryptocurrency clients since June. The Securities and Exchange Commission for the US shows that Silvergate already has more than 756 clients that major in cryptocurrency.

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